token money

noun

coins of the regular issue having greater face value than the value of their metal content

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Gold disappeared in countries where gold coins were used; paper money and silver token money took its place.

If different groups adopt different kinds of amulet ornaments as money, such intragroup money may be token money.

The result, of course, was to make silver the standard and gold the fluctuating money or token money.

However, as token money, it is everywhere recognised as a circulating medium of trade.

You know our money is but token money, and not worth the face value of the stamp.

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